Upswing Fitness

Upswing Fitness

Closed: Sep. 2022

About this raise

Upswing Fitness, with a valuation of $30 million, is raising funds on Wefunder. The company has developed a SaaS platform that empowers fitness trainers and gyms with online tools to scale their businesses. It is a social platform for wellness leaders and their communities and helps fitness creators monetize their content and following. Upswing Fitness connects creators to consumers and works on a high-growth and low-overhead model. Shaun Ziegler and Chris Putsch founded Upswing Fitness in November 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for product and technology, sales and marketing, and general and administrative operations.

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Investment Overview

Invested this round: $67,500

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
05/31/2022
Close Date
09/30/2022
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$30,000,000

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
West Chester, Pennsylvania
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
Yes
Founder Name
Chris Putsch
Title
CEO
Founder Name
Shaun Ziegler
Title
CGO
Founder Name
Nico Westerdale
Title
CTO

Financials

 Revenue
$1,544
 Monthly Burn
$10,776
 Runway
24+ months
 Gross Margin
93%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,544

$1

COGS

$111

$0

Tax

$0

$0

 

 

Net Income

$-129,307

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$272,006

$1,000

Accounts Receivable

$0

$0

Total Assets

$682,519

$1,000

Short-Term Debt

$241,193

$0

Long-Term Debt

$0

$0

Total Liabilities

$241,193

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$889,300
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/30/2022 Wefunder $30,000,000 $67,500 SAFE Funded RegCF
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Add to portfolio
Upswing Fitness on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $30,000,000

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